
Solana (SOL) is attempting to reclaim a key resistance zone between $79 and $85, according to crypto analyst Ali Martinez, with the price range emerging as a critical area for the cryptocurrency’s next move.
Martinez, citing Glassnode’s URPD data, said around 105 million SOL were transacted within this range, creating a concentrated supply zone that could pose a major hurdle to further gains.
If Solana manages to break above and hold this level, the cleared resistance could support a move toward $100, followed by a potential advance toward $127, according to Martinez’s analysis.
However, a failure to overcome the resistance area could trigger renewed selling pressure, particularly from holders seeking to exit near their breakeven points. In that scenario, the next key support level to watch would be around $53.
Source: Ali Charts